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Romania's business sentiment remains stable in Nov

Romania's business sentiment remains stable in Nov Business sentiment Romania

BUCHAREST (Romania), November 28 (SeeNews) - The majority of company managers in Romania expect stability in retail, manufacturing and services and a drop in construction during the next three months, the national statistical office, INS, said on Wednesday.

The managers of construction companies expect a drop in the production volumes of their business in the next three months, with a negative balance of 23%, INS said in a monthly business sentiment survey.

The balance is calculated as the difference between the percentage of respondents who expect positive developments and the percentage of those whose expectations are negative.

The managers in the construction sector anticipate a moderate drop in the number of employees and an increase in the prices of construction works, showing a negative balance of 16% and a positive one of 10%, respectively.

Retail companies' managers expect stability in economic activity in the next three months, with a 5% balance. The volume of orders placed by trade units to the suppliers of goods will register a moderate pace of growth, with a balance of 7%. Employers forecast growth in the number of employees in the next three months, with a balance of 15%. The managers expect that retail prices will rise moderately, with a balance of 13%.

Demand for services is expected to rise in the next three months, showing a positive balance of 3%. For the services sector, stability in the number of employees is forecast, the balance being 0%. According to the interviewed managers in the sector, prices will be stable, with the balance here being 5%.

Managers from the manufacturing industry expect moderate growth of production volumes, with a 1% balance, during the next three months. Strong growth, with a 24% balance, is expected in the manufacturing of pharmaceutical products. For prices of industrial products, moderate growth is forecast for the three-month period, with 9% balance. Regarding the number of employees, a relative stability is expected.

A total of 8,216 managers of Romanian-based companies in construction, manufacturing, retail and services were interviewed in the survey.